The @Newsquawk European Market Open Preview – incl Podcast | Forexlive
Euro Market Open: Asian stocks were mostly lower as several markets reacted to recent bearish themes including US curbs against China on return from the long weekend
Summary:
APAC stocks traded with a negative bias as several markets returned from the long weekend and reacted to the recent bearish themes.
European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.6% after the cash market closed with losses of 0.6% yesterday.
DXY extended above 113, AUD lags G10 FX again, USD/JPY failed to make a YTD peak, EUR/USD retreated below 0.97.
Fed Vice-Chair Brainard that easing prematurely is a risk but at some point, risks could become more two-sided.
Looking ahead, highlights include UK Jobs, US IBD/TIPP, Speeches from ECB’s Lane, Fed’s Harker & Mester, BoE’s Bailey & Cunliffe, SNB’s Jordan, RBA’s Ellis, Astana Summit, Auctions from the UK, Germany and the US.